A merger between a shoelace company and a soup company might be undertaken to
a. eliminate a potential competitor
b. enhance a supplier-purchaser relationship
c. diversify assets and production
d. raise the Herfindahl-Hirschman Index in the shoelace industry
e. raise the concentration ratio in the soup industry
C
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If it is a cultural norm to believe that "a busy person is an important person," then we would expect the labor:
A. supply in that culture to be relatively greater at any wage. B. demand in that culture to be relatively greater at any wage. C. supply in that culture to be relatively lower at any wage. D. demand in that culture to be relatively lower at any wage.
If the total cost curve gets steeper as output increases, the firm is experiencing
a. diseconomies of scale. b. economies of scale. c. diminishing marginal product. d. increasing marginal product.
In 2014, what were the two largest sources of federal tax revenues, and what were the two largest expenses of the federal government?
If a corporate bond with face value of $1,000 has an interest rate of eight percent paid once a year for a term of 30 years, what is the size of the annual coupon payment?
A) $1,000 B) $300 C) $80 D) $8